Caribbean Casino and Gaming Corp Retained Catania Gaming Consultants, Inc. to Advise on the Rapidly Evolving Legislative Landscape for Live Video…

SOURCE: Caribbean Casino and Gaming Corp

MIAMI, FL–(Marketwire – August 16, 2010) –  Caribbean Casino and Gaming Corp (PINKSHEETS: CGAQ) announced today that they have retained Catania Gaming Consultants from New Jersey to help navigate the rapidly changing landscape of online gaming and to help prepare for the potential for licensed and regulated igaming in the U.S.

CEO Steven Swank stated, “Working with the Catania group offers us the knowledge, ability and experience of building our US business model while we focus on the core business that has created the ability for us to expand our interests at such a rapid rate. This is an investment that balances all our efforts as the number 1 online gaming company with Live Video. Potentially adding the United States to our list of licensed countries we work within will obviously take us to the next step, once again.”

Frank Catania is president and a principal in Catania Consulting Group, Inc. of New Jersey, a consulting firm with extensive experience in gaming issues. An attorney, he is of counsel to Catania & Ehrlich, Law Offices, L.L.C.

Mr. Catania’s expertise stems from his years of service as Assistant Attorney General, Director New Jersey Division of Gaming Enforcement; Vice President, Compliance Officer, Players International; and Deputy Speaker of the New Jersey General Assembly.

Mr. Swank continued, “Having the resources that we have strived for continues our path to success. Mr. Catania and Catania Gaming Consultants, matched with Mr. Riley and International Monetary, brings CGAQ to the next level of business that we have all been working for.”

FORWARD-LOOKING STATEMENT
This report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Caribbean Casino and Gaming Corporation undertakes no obligation to update such statements.

Contact:
Caribbean Casino and Gaming Corp
Tyler Cornell
Investor Relations
[email protected]

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